Director, Externally Managed Investments

<strong>A career at The Auto Club Group (ACG) can be satisfying, exciting and rewarding. By aligning your professional development with our business objectives, ACG can help you attain your career goals &mdash; and make a difference. Get started by choosing the career that&rsquo;s right for you.</strong>

Dearborn, MI

The Auto Club Group

AAA was founded over 100 years ago for the purpose of lobbying for driver and passenger rights, fair laws and safer vehicles — all to better promote the love of the open road and the adventure of driving. Since then, AAA has grown to over 50 million members strong, while providing valuable membership services such as roadside assistance. Additionally, AAA has broadened its horizons to include all types of travel-related services, as well as offer a variety of insurance and financial products and services. Today’s AAA is a national federation comprised of more than 50 individual clubs throughout the United States and Canada. Whether you’re traveling around the world or to the corner grocery store, planning a honeymoon or weekend road trip, learning to drive or in need of a battery boost, the best way to begin your journey is with AAA. http://michigan.aaa.com/

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Full-Time

Competitive Compensation and Benefits Package

Overview: <p style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">The Auto Club Group (ACG) provides membership, travel, insurance and financial services offerings to approximately 9 million members and customers across 11 states and 2 U.S. territories through the AAA, Meemic and Fremont brands. ACG belongs to the national AAA federation and is the second largest AAA club in North America. </span></p> <div>&nbsp;</div> <div><strong><u><span style="font-family: Arial;">Work Environment:</span></u></strong></div> <div><span style="font-family: Arial;">Works in a temperature-controlled office environment.</span></div> <p style="margin-top: 0px; margin-bottom: 0px;"><strong><u><span style="font-family: Arial;"><br />The Auto Club Group offers a competitive compensation and benefits package including a base salary with performance based incentives; medical/dental/vision insurance, 401(k), generous time off, a complimentary AAA Membership and much more!<br /></span></u></strong></p>
Responsibilities: <p style="margin-top: 0px; margin-bottom: 0px;">&nbsp;</p> <ul> <li><span style="font-family: Arial;">Primary responsibilities include contributing to asset allocation and portfolio construction as well as taking a lead role in due diligence of both current and prospective investment managers, using both qualitative and quantitative analysis. This job is a generalist, but will spend a significant amount of time focused on alternative investments, including private equity and private real asset/real estate strategies</span></li> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Directs activities and personnel related to cash and invested assets for the Auto Club Group in order to achieve established benchmark returns. </span></li> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Implements and ensures adherence to Board approved investment policy. </span></li> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Monitors and analyzes market conditions and investment strategies and performance of competitors. </span></li> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Develops investment strategy to meet portfolio objectives. </span></li> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Performs investment accounting, including Schedule D of the Annual Statement. Prepares quarterly report to the Investment Committee of the Board of Directors.</span></li> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Oversees the administration of the broker-dealer subsidiary. Responsible for the continuous improvement and team leadership of the investment process.</span></li> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Serves on various insurance related investment committees, such as the Michigan Catastrophic Claims Association, National Association of Independent Insurer's, Michigan Property and Casualty Guarantee Association, Michigan Automobile Insurance Placement Facility and the Michigan Business and Property Association.</span></li> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Develops and monitors departmental budget projections and makes revisions as appropriate.</span></li> </ul> <p style="margin-top: 0px; margin-bottom: 0px;"><u><span style="font-family: Arial;">Supervisory Responsibilities:</span></u></p> <ul> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Directs the interviewing, hiring and training of personnel. Schedules work hours and monitors employee work performance. Counsels, disciplines and terminates subordinates as indicated.</span></li> </ul> <div>&nbsp;</div> <p style="margin-top: 0px; margin-bottom: 0px;">&nbsp;</p> <div>&nbsp;</div>
Requirements: <ul> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Masters of Business Administration degree (MBA)</span></li> <li><span style="font-family: Arial;">Certified Financial Analyst (CFA)</span></li> </ul> <div><strong><span style="font-family: Arial;">Experience:</span></strong></div> <ul> <li><span style="font-family: Arial;">Experience as a portfolio manager, or in a management position, for property &amp; casualty insurance, life insurance and/or retirement plans with a strong background in alternative asset classes investing.</span></li> </ul> <div><strong><span style="font-family: Arial;">Knowledge and Skills:</span></strong></div> <ul> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial;">Knowledge of AAA Michigan corporate policy and operating procedures.</span></li> </ul> <div><strong>Qualifications</strong></div> <br /> <p style="margin-top: 0px; margin-bottom: 0px;"><strong><u><span style="font-family: Arial;">Required Qualifications:</span></u></strong></p> <p style="margin-top: 0px; margin-bottom: 0px;"><u><span style="font-family: Arial; font-size: medium;">Education:</span></u></p> <ul> <li style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: Arial; font-size: medium;">Bachelor's degree in Finance, Accounting, Economics, or a closely related field</span></li> </ul> <div><u><span style="font-family: Arial; font-size: medium;">Experience:</span></u></div> <ul> <li><span style="font-family: Arial; font-size: medium;">Long term strategic asset allocation and tactical after-tax income</span></li> <li><span style="font-family: Arial; font-size: medium;">Total portfolio management</span></li> <li><span style="font-family: Arial; font-size: medium;">Benchmark performance record</span></li> <li><span style="font-family: Arial; font-size: medium;">Staff management and development </span></li> <li><span style="font-family: Arial; font-size: medium;">Development of business plans and budgets</span></li> <li><span style="font-family: Arial; font-size: medium;">Project management</span></li> <li><span style="font-family: Arial; font-size: medium;">Managing broker consultant and investment manager relationship</span></li> <li><span style="font-family: Arial; font-size: medium;">Budgeting, forecasting and performance measurements for investment portfolio(s)</span></li> <li><span style="font-family: Arial; font-size: medium;">Analyzing cash flow, investment vehicles, and business profitability</span></li> <li><span style="font-family: Arial; font-size: medium;">Analyzing corporate, economic and investment data for impact on business decision making </span></li> <li><span style="font-family: Arial; font-size: medium;">Competitive benchmarking</span></li> </ul> <div><u><span style="font-family: Arial; font-size: medium;">Knowledge and Skills:</span></u></div> <ul> <li><span style="font-family: Arial; font-size: medium;">Operations of financial institutions</span></li> <li><span style="font-family: Arial; font-size: medium;">Insurance investment practices</span></li> <li><span style="font-family: Arial; font-size: medium;">Accounting and taxation of investments</span></li> <li><span style="font-family: Arial; font-size: medium;">Organizing and planning</span></li> <li><span style="font-family: Arial; font-size: medium;">Identifying and analyzing problems and develop innovative solutions </span></li> <li><span style="font-family: Arial; font-size: medium;">Communicating effectively with others in the work environment and with the public </span></li> <li><span style="font-family: Arial; font-size: medium;">Preparing and presenting written and oral reports to all levels of management </span></li> <li><span style="font-family: Arial; font-size: medium;">Continuously improving business processes</span></li> <li><span style="font-family: Arial; font-size: medium;">Developing and implementing quality service standards</span></li> <li>High level of integrity, a proactive entrepreneurial mindset and the ability to work in a dynamic team environment</li> <li>Strong written and oral communication skills, attention to detail and pride in final deliverables</li> </ul> <div>&nbsp;</div> <div>&nbsp;</div> <div>&nbsp;</div> <div>&nbsp;</div>